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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (3087)	11/22/1997 4:39:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

>>Quite frankly, YHOO's business has no (little) entry cost which means anyone can easily enter. So where's the competition? I haven't seen it yet. It's easy to say that competition is going to emerge from the "big guys" and wipe Yahoo out, but where are they? The fact is it's not easy to wipe Yahoo out. Yahoo has reached critical mass. No one is even catching up. Why do you think Microsoft selected Yahoo as the exclusive third-party search engine for MSN? >>IMO, a lot of these investment funds have bought YHOO at a time when e-commerce was new and thought YHOO would lead the way. As these investors are hanging on, the price keeps fluctuating around $50. The whole YHOO model will crack when projections in exponential growth in earnings do not materialize. It is a matter of time when one of the big shareholders breaks rank with the rest for the stock price to unravel, IMO. Frankly, I think that's blind speculation. Yahoo is firing on all cylinders, executing very well. Yahoo is leading the way. Long term holders usually don't sell unless there's a material change in fundamentals. Sequoia is probably the best-performing mutual fund of all time...right up there with Buffett's Berkshire Hathaway. They are very patient holders, just as their name implies. That Sequoia has such a huge stake in Yahoo is quite a validation.